When John Deere Capital sold a three-year bond this summer, it would have been an everyday event, but for two extraordinary features: it priced at the tightest-ever three-year spread for a financial issuer and was led by a syndicate solely comprising “diverse-owned” firms. One of them was Loop Capital Markets.
The Chicago-based firm, which takes its name from the city’s downtown business district, is black-owned. It was set up as a municipal bond firm in 1997 by its present chairman and chief executive, Jim Reynolds.
